SMH: VanEck Semiconductor ETF
Tracks the MVIS US Listed Semiconductor 25 Index, a market-cap-weighted index of 25 of the largest US-listed semiconductor companies. Managed by VanEck with a 0.35% expense ratio. 10 of its top 10 holdings are in the Supercycle AI universe, and those holdings carry an average AI Exposure Score of 62 (Strategic tier).
Holdings and expense ratio per the issuer, as of . Funds rebalance; verify current holdings with VanEck. Not investment advice.
Top holdings, scored
| # | Holding | Market cap | AI score | Buildout layers |
|---|---|---|---|---|
| 1 | NVDANVIDIA | $5.37T | 97 | SemiconductorsCloud & HyperscalersAutonomous Vehicles |
| 2 | TSMTaiwan Semiconductor | $960.00B | 78 | Chip Equipment & FoundriesSemiconductors |
| 3 | AVGOBroadcom | $1.71T | 78 | SemiconductorsCloud & Hyperscalers |
| 4 | AMDAdvanced Micro Devices | $913.89B | 75 | SemiconductorsCloud & Hyperscalers |
| 5 | ASMLASML Holding | $645.26B | 70 | Chip Equipment & Foundries |
| 6 | TXNTexas Instruments | $178.00B | 10 | Semiconductors |
| 7 | MUMicron Technology | $1.15T | 78 | Memory & StorageSemiconductors |
| 8 | ADIAnalog Devices | $182.06B | 12 | Semiconductors |
| 9 | AMATApplied Materials | $352.81B | 78 | Chip Equipment & Foundries |
| 10 | QCOMQualcomm | $189.82B | 45 | Semiconductors |
Market data as of the close on . Prices are end of day, not live.
Where it sits in the buildout
SMH's tracked top holdings concentrate in these layers:
Frequently asked questions
What are SMH's top holdings?
As of 2026-07-30, SMH's top 10 holdings are NVDA, TSM, AVGO, AMD, ASML, TXN, MU, ADI, AMAT, QCOM. Holdings change as the fund rebalances; the issuer's site has the current full list.
Is SMH a good way to get AI exposure?
That depends on the exposure wanted, which is a personal decision, but the data says this: 10 of SMH's top 10 holdings are in the Supercycle AI universe (NVDA, TSM, AVGO, AMD, ASML, TXN, MU, ADI, AMAT, QCOM), with an average AI Exposure Score of 62 (Strategic tier). Its expense ratio is 0.35% per year.
Other AI ETFs
Funds versus picking layers is covered in the Start Here guide; all AI ETFs are compared on the AI ETFs page.